Under what conditions may revenue be recognized on a bill-and-hold sale?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Revenue may be recognized on a bill and hold sale when a It is ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Under what conditions may a seller who is exposed to continued risks of a high rate of return of the product sold recognize sales transactions as current revenue?
-
Under what conditions may the unit costs of materials, labor, and overhead be computed by using only one equivalent production figure?
-
Under what conditions may a taxpayer exclude a portion of a realized capital gain?
-
Calculate the dollar proceeds from the FIs loan portfolio at the end of the year, the return on the FIs loan portfolio, and the net interest margin for the FI if the spot foreign exchange rate has...
-
Diamond Shamrock Corporation produces liquid chlorine that it ships to its customers Monday through Friday by truckload and railcar. To improve its scheduling, the companys plant manager would like...
-
Consider the following set of processes, with the length of the CPU-burst time given in milliseconds:
-
What is human resource management? LO.1
-
For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 115,000 units and has fixed cost of $349,600. The...
-
Which of the following statements is FALSE? A. The interest rates that are quoted by banks and other financial institutions are nominal interest rates. B. The interest rates that banks offer on...
-
A friend suggests that organizational behavior courses are useful only to people who will enter management careers. Discuss the accuracy of your friends statement.
-
What approaches are used to recognize revenue from the rendering of services? Under what conditions is each of these approaches used?
-
What is a customer loyalty program, and how is such a program accounted for?
-
Erin Chou is reviewing a profitable investment project that has a conventional cash flow pattern. If the cash flows for the project, initial outlay, and future after-tax cash flows all double, Chou...
-
Use the information below to answer the next question. Below are different graphs that could represent the magnitude of an Electric Field from a source. Teza E Distance E 4 Tza E Taza 2 Distance 5 3...
-
Factor out the GCF: 36c5 +54c8
-
Demonstrate that a circle with a radius of r has a circumference of 2 pi ( r ) . HINT: Begin by examining the equation for the upper semicircle, utilize the arc length formula, and then double the...
-
Graph the function f(x) = 3.x - 7.
-
Vine plc. produces a single product. The following information on inventory, purchases, and sales are available for the month of January 2018. DATE TRANSACTION NUMBER OF UNITS UNIT COST...
-
In what ways could one be immune from conviction in the complicity context?
-
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...
-
Show the journal entries necessary to correct the following errors: (a) A sale of goods 678 to J Harris had been entered in J Harts account. (b) The purchase of a machine on credit from L Pyle for...
-
Using the reconciliations of this chapter and the information in Chapter 2, comment on the adjustments necessary when moving from German or UK to US or IFRS accounting in 2004/5?
-
Which sort of companies might wish to list on a foreign exchange? Is this practice increasing or decreasing, and why?
-
Explain the purposes and uses of a conceptual framework.
-
Eye Deal Optometry leased vision - testing equipment from Insight Machines on January 1 , 2 0 2 4 . Insight Machines manufactured the equipment at a cost of $ 2 0 0 , 0 0 0 and lists a cash selling...
-
help! ee all photos + Add to o e D C N X Edit & Create Share Table of Contents No sales to an individual customer accounted for more than 10% of revenue during any of the last three fiscal years. Net...
-
Business law A person may have the liability of a partner even though no partnership exists True False
Study smarter with the SolutionInn App